Local authorities in China’s Guangxi province announced recently that electric vehicle firm BYD’s subsidiary Guangxi Fudi will build a power battery and energy storage plant with an annual output of 45GWh in the province’s capital city of Nanning.
The land area of the project is about 2,500 mu (411.8 acres), with a planned investment of about 14 billion yuan ($2.2 billion). Zones for the manufacturing of power battery cells, modules and energy storage projects are estimated to cover about 750,000 square meters.
After the project starts, construction is expected to last 15 months, with the commencement of production set for 2023. Its annual output value will exceed 26 billion yuan, and about 10,000 new jobs will be created.
With the rapid growth of BYD’s car sales, the company has successively established several battery companies in recent years. Prior to this, FAW Group and…
BYD to Build Power Battery and Energy Storage Plant in Guangxi Province – Pandaily
